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AFTER the market got its 416-point scare at the end of February, The Tip Sheet counseled against panic, noting that in nine of the past 10 instances of market drops of more than 3 percent, recovery came within about a couple months.

And so it has come to pass. Again.

Hopefully, you didn’t sell at the bottom.

Here’s some further food for thought:

Since the Dow Jones industrial average crossed the 3,000 threshold in April 1991, it’s taken approximately 500 days, on average, to traverse the next 1,000 points.

That’s the average – 10,000 to 11,000 took just 23 days in the irrational exuberance of the tech-bubble late ’90s. Getting to 12,000 from there would take a 1,878-day slog.

But it’s been just 198 days since 12,000 was breached. Is the market really so robust as to be flirting with 13,000 so quickly?